Latest Ratios: P/E Ratio -18.7x · EV/EBITDA N/A · ROE -15.2%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $1.4B | $3.6B | $2.4B | $1.3B | $2.9B | — | — |
| Enterprise Value | $1.2B | $1.3B | $3.5B | $2.4B | $1.1B | $2.4B | — | — |
| P/E Ratio → | -18.69 | — | — | — | — | — | — | — |
| P/S Ratio | 1.68 | 1.80 | 5.59 | 5.04 | 3.06 | 8.20 | — | — |
| P/B Ratio | 2.89 | 3.18 | 8.09 | 5.31 | 2.65 | 5.29 | — | — |
| P/FCF | 18.41 | 19.79 | 58.51 | — | — | 41.26 | — | — |
| P/OCF | 16.27 | 17.49 | 54.45 | — | — | 34.48 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.69 | 5.43 | 4.90 | 2.58 | 6.64 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 18.61 | 56.85 | — | — | 33.39 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.1% | 62.1% | 61.0% | 49.2% | 43.9% | 42.9% | 45.7% | 22.5% |
| Operating Margin | -8.1% | -8.1% | -13.2% | -18.6% | -25.2% | -21.4% | -19.5% | -74.2% |
| Net Profit Margin | -8.7% | -8.7% | -12.5% | -15.6% | -24.2% | -21.8% | -19.7% | -72.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -15.2% | -15.2% | -17.8% | -16.0% | -19.6% | -37.6% | — | — |
| ROA | -6.4% | -6.4% | -8.4% | -8.2% | -10.8% | -11.3% | -11.6% | -25.4% |
| ROIC | -13.5% | -13.5% | -17.3% | -20.0% | -57.5% | — | — | — |
| ROCE | -9.7% | -9.7% | -14.1% | -15.5% | -18.9% | -19.3% | -18.3% | -38.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.44 | 0.28 | 0.25 | 0.16 | 0.01 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.19 | -0.23 | -0.15 | -0.42 | -1.01 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -1.18 | -1.66 | — | — | -7.88 | -152.95 | — |
| Interest Coverage | -5.74 | -5.74 | -17.62 | -46.75 | -103.30 | -98.05 | -63.03 | — |
Net cash position: cash ($271M) exceeds total debt ($190M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.60 | 1.60 | 1.56 | 2.12 | 2.17 | 2.03 | 2.13 | 2.75 |
| Quick Ratio | 1.60 | 1.60 | 1.56 | 2.12 | 2.17 | 2.03 | 2.13 | 2.75 |
| Cash Ratio | 0.65 | 0.65 | 0.71 | 1.23 | 1.42 | 1.37 | 1.40 | 1.87 |
| Asset Turnover | — | 0.70 | 0.65 | 0.52 | 0.46 | 0.36 | 0.52 | 0.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 94.77 | 176.33 | 214.68 | 213.68 | 271.92 | 197.32 | 284.48 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 5.4% | 5.1% | 1.7% | — | — | 2.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $171M | $165M | $160M | $157M | $156M | $154M | $154M |
Operational labor cost intensity
According to current market data, ACVA trades at a forward P/E of 33.53, which appears to price in significant future margin expansion that remains unsupported by the company's historical inability to generate consistent GAAP net income compared to established industry peers like Copart or OPENLANE.
The current valuation suggests investors are paying a premium for the company's digital-first growth narrative rather than its current earnings power. This multiple warrants caution, as it implies a rapid transition to profitability that may be hindered by the persistent, labor-intensive nature of the company's inspection-based business model.
Based on reported financial statements, ACVA's ROIC has remained consistently negative, bottoming at -5.9% in 2024Q4 and showing only marginal improvement to -2.2% in 2026Q1, indicating that the company is currently destroying shareholder value rather than compounding it through its capital allocation strategy.
The persistent negative return on invested capital suggests that the capital deployed into the inspector network and technology acquisitions has yet to reach a critical mass of efficiency. Investors should monitor whether the company can achieve positive returns as it scales, or if the business model is structurally limited by its high variable cost base.
As reported in recent filings, ACVA's DSO has fluctuated significantly, reaching 103 days in 2026Q1, which, when compared to the broader industry, suggests that the company faces structural challenges in converting its marketplace transaction volume into timely cash inflows from its dealer partners.
The high DSO relative to the company's transactional nature indicates potential friction in the collection process or a reliance on extended payment terms to attract dealer volume. This inefficiency in the cash conversion cycle places additional pressure on the company's liquidity, necessitating careful management of its receivables portfolio.
Based on reported figures, ACVA's debt-to-equity ratio has trended upward from 0.25 in 2023Q4 to 0.46 in 2026Q1, signaling an increasing reliance on external financing to fund operations as the company navigates a period of decelerating growth and persistent negative operating margins.
While the current leverage remains within an adequate range, the trend of increasing debt to cover operating shortfalls is a concern for long-term solvency. The company's ability to service this debt may become more precarious if the used vehicle market experiences a sustained downturn, limiting its financial flexibility.
Market participants frequently misapply SaaS-based EV/Sales multiples to ACVA, which obscures the reality that the company's cost structure is fundamentally tied to physical labor and logistics rather than the high-margin, scalable software architecture typical of pure-play technology platforms.
By treating ACVA as a software company, analysts may overlook the linear relationship between listing volume and inspector headcount, which prevents the realization of traditional software operating leverage. A more appropriate framework would involve evaluating the company as a tech-enabled service provider, focusing on contribution margins per inspection rather than top-line software growth.
Includes 30+ ratios · 7 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ACVA stock.
ACV Auctions Inc.'s current P/E ratio is -18.7x. This places it at the 50th percentile of its historical range.
ACV Auctions Inc.'s return on equity (ROE) is -15.2%. The historical average is -21.2%.
Based on historical data, ACV Auctions Inc. is trading at a P/E of -18.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ACV Auctions Inc. has 62.1% gross margin and -8.1% operating margin.